Trust: a group of companies run by a single board of directors (no one company controls the other).
John Rockefeller used trusts to gain control of many oil companies and eventually controlled a high percentage of the nation's refining capacity
Trust: Companies which are merged together and run by a board of directors.
John Rockefeller used trusts to gain control of many oil companies and eventually controlled a high percentage of the nation's refining capacity
Trust: Companies which are merged together and run by a board of directors.